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FOREX
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DO YOU TRADE WITH OVER $20,000?
Platinum status
might be for you! |
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SPECIAL OFFER |
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$30
towards
FREE FOREX SIGNALS! |
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NEW TRADERS! |
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Open an FXCM account and get
up to 2 months of FREE SIGNALS. |
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Are you new to forex? Find
out about the forex mentor & training
program.
Learn more. |
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FXCM's No Dealing Desk aims
to provide transparent and fair execution.
Every trade is executed back to back with
one of the world's premier banks or
financial institutions, which compete to
provide FXCM with bid and ask prices. The
best spreads available to FXCM are streamed
to you with a small markup, which is
generally one pip or less for major currency
pairs. |
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Lower Spreads |
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Euro/US dollar spread is frequently
2 pips, British pound/dollar 3 pips
• Trade
on rates provided to FXCM by
multiple global banks
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FXCM's $350 billion in monthly
volume drives price competition
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Fractional pip pricing facilitates
the tightening of spreads even
further |
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No
Dealing Desk Execution
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• No
conflict of interest between broker
and trader
• No
dealer intervention in trades
• Price
providers (Banks) do not see your
stops, limits, and entry orders
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Competition reduces the potential
for market manipulation by price
providers |
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No
Trading Restrictions
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• Trade
during breaking news
• Place
entry orders anywhere—even
inside the spread
• Scalp
the market
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Rollover transparency—all
amounts are displayed in advance
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Receive positive rolls at all margin
levels |
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Why Trade at FXCM
FXCM’s trading volume, $350
billion worth of transactions monthly, may
be the largest single source of retail currency
trades in the world. As a result, we have obtained
close banking relationships with eight of the
world's largest and most aggressive price providers.
Having multiple price providers is especially
important in volatile markets, when one or two banks
may post wide spreads, or simply avoid quoting any
price at all. With so many major banks quoting
prices to FXCM, there are competitive spreads, even
during market-moving news events.
FXCM does not take a market position—eliminating a
major conflict of interest. A dealing desk broker,
which acts as a market maker, may be trading against
your position. With our No Dealing Desk execution,
however, we fill your orders from the best prices
available to us from the banks. While an individual
bank may try to skew its prices off the market, the
unattractive price on the bid or ask side will lose
the price competition and as a result, not factor
into the prices streamed to you. At FXCM, prices are
not subject to manipulation by a broker or a bank’s
dealing desk.
While our competitors are beginning to follow our
example of offering No Dealing Desk execution, we
have successfully implemented it. Excellent bid and
ask prices are not meaningful unless you have a
reliable trading platform to execute trades. Our
trading platform is tested in all market conditions,
routinely handling about 200,000 trades per day. |
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